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Latest market news update!

Latest market news update!

WilsonWilson
07-11
SummaryThe precious metals market is fluctuating unpredictably.

As investors weighed platinum's industrial demand against the direction of Federal Reserve policies, platinum prices fell back to around $1,000 per ounce after reaching a peak of $1,030 per ounce on July 5.

#UltimaMarkets#NewsUpdate#TradingNews#MarketInsights#PreciousMetals#Platinum#Gold#Silver

  • China Influence: China's manufacturing activity has contracted for two consecutive months, indicating weaker demand.
  • Electric Vehicles: The electric vehicle market is reducing its reliance on platinum for internal combustion engine catalytic converters.

Platinum Prices: Despite these challenges, expectations of a potential Fed rate cut in September help support platinum prices.

Other Precious Metals:

  • Gold: Fell to $2,360 per ounce.
  • Silver: Rebounded to approximately $31 per ounce, recovering lost ground.

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The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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